Break lower after the Fed

Richard Moglen
Richard Moglen

Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue

March 18, 2026
13 min read
Market Trend Status
Trend: 3 of 4 DOWN
✗ 10 EMA ✗ 21 EMA ✗ 50 SMA ✓ 200 SMA

Market Action

The Fed put more doubt into the market today. MU down after earnings. Less is more until we get some clarity and reclaim the 21ema trend.

I’m very lightly exposed at the minute and not that much in a hurry. MU price action tomorrow will be interesting.

Bulls would want to see snapback action and a good close to the week.
Bears want to see follow through down closing below the 200sma

QQQ
Break lower testing lows and the 200sma area again
QQQ chart
IWM
Break lower
IWM chart
IBIT
Gap down and follow through
IBIT chart

Current View: Correction

Groups/Sectors

DV Theme Tracker
DV Theme Tracker
Ranks
Ranks
DV Leaders
Oil and gas theme leading
DV Leaders
S&P Heatmap
S&P Heatmap

Leadership Stocks & Analysis

TSLA
Downside reversal, testing the 200
TSLA chart
META
Fade off highs. Below Mas
META chart
MSFT
Below the key level again
MSFT chart
AAPL
Below the MAs
AAPL chart
GOOG
Back below the 21
GOOG chart
AMZN
Back below the level
AMZN chart
NVDA
Follow through down. Towards the 200sma
NVDA chart
SNDK
Down with MU after hours
SNDK chart
MU
Down after hours. See how we close tomorrow
MU chart
BE
Slight downside reversal. Still in this range
BE chart
PL
Reversal back down.
PL chart
RKLB
Reversal down on offering news.
RKLB chart
XOM
Trending above the MAs
XOM chart
GEV
Push higher but fade off highs
GEV chart
LITE
Follow through higher but not a strong bar
LITE chart
AAOI
Gap up. Needs to build out and tighten
AAOI chart
FSLY
Very strong RS. Trending
FSLY chart
CRCL
Tight inside day. Trending
CRCL chart

Key Moves

SEI
Follow through
SEI chart
DOCN
Great RS. Short term stretched
DOCN chart
NET
Strong Push
NET chart

Setups and Watchlist

ECG
Watching for a range re-breakout
ECG chart
KRMN
Watching for a range breakout
KRMN chart
ESE
Watching for a range breakout
ESE chart
MOD
Watching for a range breakout
MOD chart
MRNA
Watching for a push off the 21ema
MRNA chart
NE
Watching for a bounce off the pivot
NE chart
PLTR
Watching for a range re-breakout. Gauge for software
PLTR chart
TER
Watching for a range breakout
TER chart
VRT
Watching for a bounce off the 10ema
VRT chart
SOLS
Watching for a range breakout
SOLS chart

Watchlist & Themes

Larger List/RS List

ECG KRMN ESE MOD MRNA NE PLTR TER VRT SOLS BE SNDK MU

Daily Focus List

MU BE SOLS

Additional Thoughts

Less is more until we are above the 21ema

Recent Trade Lab Reports

  • Holding and Re-confirmation
    April 9, 2026
    15 min read

  • Gap up above the 50 and 200 SMA
    April 8, 2026
    13 min read

  • Upside Reversal. 2 Week Ceasefire. Market Set to Gap up
    April 7, 2026
    14 min read

  • Market Coiled at Key Levels. Make or Break for the Rally
    April 6, 2026
    13 min read
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